ACTIVE

BADEX

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Financial year 2024 · closed on 31/12/2024

Net result

28,3 k €

-74.5% YoY

Gross margin

2,2 M €

+6.5% YoY

Equity

337,6 k €

+9.1% YoY

Workforce

38,2 ETP

+5.8% YoY

What does BADEX do?

BADEX is a Private limited company incorporated in 1996. Its registered office is in Namur. It employs on average 38,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.133.572

Incorporation

21/06/1996

Legal form

Private limited company

Registered office

Rue des Brasseurs 14
5000 Namur · WallonieSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2024

Average workforce

38,2 ETP

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,2 M €	+6.5%	2 M €	+31.6%	1,5 M €	-20.7%	1,9 M €	+37.2%	1,4 M €	-22.0%	1,8 M €	+6.2%	1,7 M €	-0.5%	1,7 M €	+33.4%	1,3 M €	+18.0%	1,1 M €	+11.0%	984,3 k €	+67.3%	588,3 k €	+6.3%	553,3 k €	+9.7%	504,2 k €	+9.7%	459,5 k €	+27.7%	359,8 k €	-14.1%	419 k €	+48.7%	281,8 k €	-21.2%	357,6 k €
EBITDA	184,6 k €	+6.4%	173,5 k €	+247%	-117,9 k €	-128%	417,2 k €	+78.5%	233,7 k €	+52.3%	153,4 k €	+76.6%	86,9 k €	-63.3%	237 k €	+1131%	19,3 k €	+21.5%	15,8 k €	-30.0%	22,6 k €	-60.5%	57,2 k €	+82.8%	31,3 k €	-25.0%	41,7 k €	+50.2%	27,8 k €	+199%	-28 k €	-126%	106,7 k €	+155%	41,9 k €	-51.7%	86,7 k €
Operating result	93,4 k €	+5.5%	88,5 k €	+149%	-182,2 k €	-150%	363,1 k €	+105%	176,7 k €	+117%	81,5 k €	+463%	14,5 k €	-91.1%	162,2 k €	+309%	-77,8 k €	-0.3%	-77,6 k €	-217%	-24,5 k €	-193%	26,2 k €	+288%	6,8 k €	-22.5%	8,7 k €	+5323%	160,9 €	+100%	-56,3 k €	-171%	79,7 k €	+297%	20,1 k €	-73.7%	76,3 k €
Net result	28,3 k €	-74.5%	111,2 k €	+150%	-221,7 k €	-179%	279,3 k €	+93.7%	144,2 k €	+303%	35,8 k €	+368%	-13,4 k €	-109%	145,2 k €	+215%	-126,2 k €	+29.7%	-179,4 k €	-289%	-46,1 k €	-598%	9,3 k €	+250%	-6,2 k €	-395%	2,1 k €	+115%	-14,3 k €	+85.8%	-101,1 k €	-257%	64,5 k €	+1846%	-3,7 k €	-108%	45,4 k €
Balance sheet
Equity	337,6 k €	+9.1%	309,3 k €	+56.1%	198,2 k €	-52.8%	419,9 k €	+199%	140,6 k €	+4093%	-3,5 k €	+91.0%	-39,3 k €	-51.6%	-25,9 k €	+84.9%	-171,1 k €	-281%	-45 k €	-133%	134,4 k €	-25.5%	180,5 k €	+5.4%	171,2 k €	-3.5%	177,4 k €	+1.2%	175,3 k €	-7.6%	189,6 k €	-34.8%	290,7 k €	+28.5%	226,2 k €	-1.6%	229,9 k €
Total assets	1,4 M €	+6.4%	1,3 M €	+6.9%	1,3 M €	+3.3%	1,2 M €	+0.5%	1,2 M €	-3.3%	1,3 M €	-2.0%	1,3 M €	+13.8%	1,1 M €	+12.8%	996,3 k €	-6.0%	1,1 M €	+16.0%	914,4 k €	+30.5%	700,9 k €	+15.6%	606,3 k €	+3.5%	585,6 k €	+6.8%	548,5 k €	-2.3%	561,3 k €	-5.8%	595,6 k €	+4.1%	572,2 k €	+1.7%	562,6 k €
Cash	9,6 k €	+14.1%	8,4 k €	-95.4%	183,7 k €	+43.2%	128,3 k €	+102%	63,6 k €	+281%	16,7 k €	-53.2%	35,6 k €	-56.2%	81,3 k €	+573%	12,1 k €	-53.1%	25,8 k €	-57.1%	60,1 k €	+851%	6,3 k €	-82.9%	37 k €	+119%	16,8 k €	+1017%	1,5 k €	-78.6%	7 k €	+72.3%	4,1 k €	-45.2%	7,5 k €	-88.5%	64,8 k €
Debts	1,1 M €	+7.2%	1 M €	-1.8%	1 M €	+33.7%	777,6 k €	-27.5%	1,1 M €	-14.7%	1,3 M €	-1.6%	1,3 M €	+14.3%	1,1 M €	-3.9%	1,2 M €	+5.1%	1,1 M €	+41.9%	778,7 k €	+50.1%	518,7 k €	+19.3%	434,6 k €	+6.5%	408,2 k €	+9.4%	373,2 k €	+0.4%	371,6 k €	+21.9%	304,9 k €	-11.9%	346 k €	+4.0%	332,7 k €
Other
Workforce	38,2 ETP	+5.8%	36,1 ETP	-6.2%	38,5 ETP	+0.3%	38,4 ETP	+2.1%	37,6 ETP	+1.9%	36,9 ETP	+5.7%	34,9 ETP	+8.0%	32,3 ETP	+8.0%	29,9 ETP	+13.3%	26,4 ETP	+6.9%	24,7 ETP	+77.7%	13,9 ETP	+6.9%	13,0 ETP	-9.1%	14,3 ETP	+9.2%	13,1 ETP	+13.9%	11,5 ETP	+35.3%	8,5 ETP	+30.8%	6,5 ETP	-19.8%	8,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 20 ended

Active mandates

d'Eletto CONCETTA

Director

Active

David BARATTUCCI

Director

Active

Emmanuel BARATTUCCI

Director

Active

Nicola BARATTUCCI

Director

Active

Ended mandates

Concetta D'ELETTO

Managing director · since 25 mars 2022

Ended

David BARATTUCCI

Managing director · since 25 mars 2022

Ended

Emmanuel BARATTUCCI

Managing director · since 25 mars 2022

Ended

Nicola BARATTUCCI

Chairman of the board of directors · since 25 mars 2022

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	28/08/2024	29/08/2023	31/08/2022	26/11/2021	29/10/2020
General meeting	27/08/2025	27/08/2024	25/08/2023	31/08/2022	25/11/2021	27/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	27/08/2025	28/08/2025	French	PDF
Abridged model	31/12/2023	27/08/2024	28/08/2024	French	PDF
Abridged model	31/12/2022	25/08/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	31/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	25/11/2021	26/11/2021	French	PDF
Abridged model	31/12/2019	27/10/2020	29/10/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	17/10/2016	16/12/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	23/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	23/08/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	09/08/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	20/06/2008	29/07/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	27/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 20 ended

Active mandates

d'Eletto CONCETTA

Director

Active

David BARATTUCCI

Director

Active

Emmanuel BARATTUCCI

Director

Active

Nicola BARATTUCCI

Director

Active

Ended mandates

Concetta D'ELETTO

Managing director · since 25 mars 2022

Ended

David BARATTUCCI

Managing director · since 25 mars 2022

Ended

Emmanuel BARATTUCCI

Managing director · since 25 mars 2022

Ended

Nicola BARATTUCCI

Chairman of the board of directors · since 25 mars 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates12/04/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates23/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates28/03/2007
DEMISSIONS, NOMINATIONS
PDF
Registered office04/08/2006
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 202428,3 k €↓
2023
Annual accounts 2023111,2 k €↑
2022
Annual accounts 2022-221,7 k €↓
2021
Annual accounts 2021279,3 k €↑
2020
Annual accounts 2020144,2 k €↑
2019
Annual accounts 201935,8 k €↑
2018
Annual accounts 2018-13,4 k €↓
2017
Annual accounts 2017145,2 k €↑
2016
Annual accounts 2016-126,2 k €↑
2015
Annual accounts 2015-179,4 k €↓
2014
Annual accounts 2014-46,1 k €↓
2013
Annual accounts 20139,3 k €↑
2012
Annual accounts 2012-6,2 k €↓
2011
Annual accounts 20112,1 k €↑
2010
Annual accounts 2010-14,3 k €↑
2009
Annual accounts 2009-101,1 k €↓
2008
Annual accounts 200864,5 k €↑
2007
Annual accounts 2007-3,7 k €↓
2006
Annual accounts 200645,4 k €
21/06/1996
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BADEX

Overview

What does BADEX do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline